Why I bought 50M CarbonCoins…by Matt Mellen

Three years ago I bought a tonne of CarbonCoins. Things went quiet – I pretty much forgot I had them. Then, two weeks ago, I got a call from one of the founders of this new environmental cryptocurrency. He was excited and told me trading was ramping up and interest surging. It sounds like things are about to move fast and I want to share this news with the EcoHustler network first.

A significant reason that I got involved with a cryptocurrency in the first place is to help create distributed, alternative currencies that can contribute tocreating a better a world. For this to happen, it is important that the coins get into the hands of regular people and especially environmentalists and people concerned with conservation, nature, wildlife andStopping the Sixth Mass Extinction.

The problem with regular money

“Give me the right to issue and control a Nation’s money and I care not who governs the country.”

Mayer Amschel Rothschild, Banker

We are taught to believe that money is value neutral and that there is a “gold standard.” That the coin we use has “actual” value. This is all based on a lot of assumptions. Ultimately, it is a confidence trick with dire consequences for us all. We use our national currency because this is “normal”. We do it unthinkingly not realizing that in doing so we are implicitly supporting and funding the status quo. Currently, the status quo iskilling the biosphere.

When we open a bank account and put money in, the bank invests that money in a range of extremely shitty things. High street banks will invest in arms companies selling arms to the Saudis, oil companies devastating ecological systems and giant food corporations that are at the front line of the war against the biosphere. When we use regular money this is on us too. We are participating in and subsidizing an economic system that is killing our planet.

Subsidizing the Super Wealthy

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

All the information about the currency and about the transaction history of any coin is held in the blockchain. This makes fraud very expensive and unlikely. The entire history of all the money is held in the money

Cryptocurrencies are easily transportable. They can be wired instantly between any two people using the internet. They have little to zero transaction fees and no human intervention between payor and payee, high anonymity, and even functionality.

Money evolves, like anything else, and the natural evolution of money is always as a store of value that is easier to move, more secure, and more private.

Key points

Decentralized . So no one government entity can quietly mint money for their own purposes and have access to your transactions, accounts, etc. By making use of “distributed ledger” everybody knows what is going on – decentralized trust.

Security. So nobody can forge or steal your money.

Privacy. Your transactions can’t be seen and reported to other entities.

Functionality. This is the more technical parts of the blockchain in Cryptocurrencies but suffice to say some of the “intrinsic value” of a coin is the functionality and computational power used to “mine” that functionality.

Why Carbon Coin?

The original Cryptocurrency was Bitcoin a digital payment system launched in 2009 by a person or group using the name Satoshi Nakamoto. A network of coders with powerful computers has slowly “mined” more bitcoin since then by running complex computations that adhere to a set of founding principles. The early adopters of Bitcoin got very rich. The market value of all bitcoin in the world is around $132 billion at current prices, roughly comparable to the current value of McDonald’s (MCD).

There are only 21 million Bitcoins that can be mined in total. It seems likely that a limited supply of the currency may cause prices to continue to increase. The soaring price of Bitcoins puts this currency out of the reach of most people. In response, we are seeing a rapid proliferation of other Cryptocurrencies. Many, if not most, of these currencies will fail to take off. For any person interested in Cryptocurrencies there is a choice to be made – how to choose a currency to invest in from such a large number of options?

For anyone with concerns about the environment – CarbonCoin is the obvious choice. The people who designed the currency have built in two novel features meaning that the currency is better than others. Firstly, the currency is designed to use radically less energy than Bitcoin. Secondly, 10% of the currency is held in a wallet that will be used to fund ecological restoration. Should the coin become widely adopted this wallet will be worth hundreds of millions of pounds and will fund the ecological restoration of vast areas of land. The more people that use the currency – the more our world will benefit.

As more people use the currency this 10% will become a significant global fund. 10% of Bitcoins total value is over $100,000,000. That would enable the restoration of vast areas of land. Carboncoin has been created with a total circulation of 16 Billion coins (i.e. much more than Bitcoin) meaning the wallet could become much bigger. What if everyone concerned with environmental issues globally agreed to useCarbonCoin? What if major environmental and conservation NGOs useCarbonCoin and encourage their members to do so? What if everyone paying for environmental services (tree planting, conservation, ecological restoration) chose to do so usingCarbonCoin? The currency could rapidly become a significant economic force in the world contributing to a massive new wave of tree planting.

A cryptocurrency will only become widely used and increase in value if it has the support of a community that gets behind it. The fact that CarbonCoin has a mission in the word beyond just being a token of value will give it an advantage and should accelerate it being adopted by a network of influencers who help spread the word. Furthermore, CarbonCoin could become the go-to currency for environmentalists everywhere. Whether people are paying for clean energy, tree planting or any environmental service – why not use CarbonCoin as the currency and the ecological community reaps the benefits.

Is this risky?

Yes, there is always risk involved in buying a cryptocurrency online. Especially at an early stage the price can fluctuate widely. The value of CarbonCoin could change radically in a short time period.

Risk warning – You should not invest in or deal in any financial product unless you understand its nature and the extent of your exposure to risk. You should also be satisfied that it is suitable for you in the light of your circumstances and financial position. Different investment products have varied levels of exposure to risks and to different combinations of risks.